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Pentagon To Withhold 5 Percent Of Billings For Pratt's F-35 Engines

wochit technology
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October 08, 2013 AT 11:49 AM
WASHINGTON (Reuters) - Jet engine maker Pratt & Whitney said on Tuesday it is working to fix the system it uses to provide the Pentagon with cost and schedule information, after the U.S. government decided to withhold 5 percent of future billings on four F-35 fighter engine contracts and a Navy deal.